Press release
Pipeline Construction Global Market Size, Growth, Share with Countries Data, Industry Trends, Demand, Revenue and Forecast 2033 | Energy Transfer LP, Nippon Steel Corporation, Enbridge lnc., TechnipFMC PLC, TMK Group
Pipeline Construction Global Market
The pipeline construction market size is expected to see strong growth in the next few years. It will grow to $62.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to climate change initiatives, public perception and opposition, geopolitical stability, resource exploration, energy transition policies. Major trends in the forecast period include technological advancements, expansion of the oil and gas industry, focus on research and development, automation and robotics.
Market Overview -
Pipeline construction refers to the commencement of any excavation or other property disturbance for the purpose of installing, building, maintaining, repairing, replacing, modifying, or removing a pipeline. Pipelines are used to transport materials like sewage, gas, and water from one location to another.
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The Surge In Energy Consumption Fuels Momentum In The Pipeline Construction Market
The surge in energy consumption is driving the pipeline construction market. Energy demand is rising due to rising affluence, urbanization, and improved access to electricity. The energy-producing industries use pipelines to transport energy supplies like natural gas, propane and gasoline. For instance, according to the World Energy Investment Report published by the International Energy Agency (IEA), a France-based international forum for sustainable energy, 4.6% more energy was consumed globally in 2021. Moreover, the global energy investment reached $1.9 trillion annually. As a result, the rise in energy consumption will propel the pipeline construction market.
Competitive Landscape -
Major companies operating in the pipeline construction market report are Energy Transfer LP, Nippon Steel Corporation, Enterprise Products Partners L.P., Enbridge lnc., Larsen & Toubro Ltd., Kinder Morgan Inc., Joint Stock Company Transneft, Tenaris S.A, Pembina Pipeline Corporation, TechnipFMC plc, TMK Group, Primoris Services Corporation, Enka İnşaat ve Sanayi A.Ş., Ledcor Group, Mott Macdonald Group Ltd., Forterra Inc., McDermott International Inc., Bonatti S.p.A., Spiecapag, CRC-Evans Pipeline International Inc., Prosaic Steel & Alloys, Gateway Pipeline LLC, Pumpco Inc., Cogbill Construction LLC, Sung IL Sim Co Ltd., Cecon Group, Barnard Construction Company Inc., Metal Forge India, CCI Leidingsystemen B.V., Yena Engineering B.V., Seonghwa Industrial Co Ltd., ChelPipe Group, Shengli Oil & Gas Pipe Holdings Limited, Sunland Construction Inc., Bechtel Corporation, Snelson Companies Inc., TC Energy Corporation
Revolutionizing Pipeline Construction With Innovative Imaging Interface
Product innovations have emerged as the key trend gaining popularity in the pipeline construction market. Major companies operating in the pipeline construction market are focused on innovating novel solutions to strengthen their position in the market. For instance, in November 2022, the CYENS Centre of Excellence, a Cyprus-based research and innovation center, launched the beta version of its innovative imaging/video pipeline-interface tool, DgiStreamer. It is an innovative GUI (graphical user interface) software that is an all-encompassing standalone pipeline builder compatible with GStreamer and Deepstream. The application provides a simple drag-and-drop method for connecting the different pipeline-building elements, making pipeline construction chores easier to complete. Compared to currently available alternatives, the tool is faster and easier to use and supports scaling to complicated configuration types.
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Key Segments -
The pipeline construction market covered in this report is segmented -
1) By Pipe Type: Metallic, Non-Metallic
2) By Equipment: Valves, Pipeline, Metering Skids, Compressor stations
3) By Operation: Transmission, Distribution
4) By Application: Liquid Pipeline, Gas Pipeline
5) By End User: Oil and Gas, Chemical, Water and Wastewater, Energy, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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